Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets (Tables)

v3.25.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Acquired Finite-Lived Intangible Assets by Major Class
The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions and other purchases, which are amortized over their estimated useful lives:
March 31, 2025 December 31, 2024
Weighted
Average
Useful Life
(in Years)		 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount
(in thousands)
Licensed technology 6.9 $ 24,661  $ (2,665) $ 21,996  $ 24,661  $ (2,418) $ 22,243 
Developed technology 6.9 311,261  (286,014) 25,247  311,261  (283,432) 27,829 
Trademarks and trade names 6.2 14,800  (14,455) 345  14,800  (14,419) 381 
Customer relationships 5.0 128,800  (128,272) 528  128,800  (127,887) 913 
Patents 7.0 4,780  (1,309) 3,471  4,780  (1,138) 3,642 
6.1 $ 484,302  $ (432,715) $ 51,587  $ 484,302  $ (429,294) $ 55,008 
Summary of Finite-lived Intangible Assets Amortization Expense
The following table sets forth amortization expense associated with finite-lived intangible assets, which is included in the consolidated statements of operations as follows:
Three Months Ended March 31,
2025 2024
(in thousands)
Cost of net revenue $ 2,829  $ 8,468 
Selling, general and administrative 592  591 
$ 3,421  $ 9,059 
Summary of Finite-Lived Intangible Assets
The following table sets forth the activity related to finite-lived intangible assets:
Three Months Ended March 31,
2025 2024
(in thousands)
Beginning balance $ 55,008  $ 73,630 
Additions —  368 
Amortization (3,421) (9,059)
Ending balance $ 51,587  $ 64,939 
Summary of Finite-Lived Intangible Assets, Future Amortization Expense
The following table presents future amortization of the Company’s finite-lived intangible assets at March 31, 2025:
Amount
(in thousands)
2025 (9 months) $ 10,717 
2026 13,974 
2027 10,552 
2028 5,096 
2029 4,009 
Thereafter 7,239 
Total $ 51,587